510                                   LAWS OF MARYLAND                          [CH. 242

may be paid out of the proceeds of such bonds and/or out of such
other moneys as may be allocated for such purpose.

166D.

In the discretion of said Board of Trustees any bonds issued under
the provisions of Sections 166A-166K, inclusive, of this subtitle may
be secured by a trust agreement by and between said Board of
Trustees and a corporate trustee, which may be any trust company or
bank having the powers of a trust company within or without the
State. Any such trust agreement may pledge or assign the income,
fees, rents, charges and other revenues to be received from the use
of the project in connection with which the bonds secured by such
trust agreement shall be issued, but shall not convey or mortgage the
project itself or any part thereof. Any such trust agreement or any
resolution providing for the issuance of such bonds may contain
such provisions for protecting and enforcing the rights and remedies
of the bondholders as may be reasonable and proper and not in viola-
tion of law, including covenants setting forth the duties of said Board
of Trustees in relation to the acquisition of property and the con-
struction, improvement, maintenance, repair, operation and insur-
ance of the project in connection with which such bonds shall have
been authorized, and the custody, safeguarding and application of
all moneys, and provisions for the employment of independent con-
sultants in connection with the construction or operation of such
project. It shall be lawful for any bank or trust company incorpo-
rated under the laws of the State which may act as depository of the
proceeds of bonds or of revenues to furnish such indemnifying bonds
or to pledge such securities as may be required by said Board of
Trustees. Any such trust agreement may set forth the rights and
remedies of the bondholders and of the trustee, and may restrict the
individual right of action by bondholders as is customary in trust
agreements or trust indentures securing bonds and debentures of
corporations. In addition to the foregoing, any such trust agreement
may contain such other provisions as said Board of Trustees may
deem reasonable and proper for the security of the bondholders, in-
cluding covenants to abandon, restrict or prohibit the construction
or operation of competing facilities. All expenses incurred in carry-
ing out the provisions of any such trust agreement may be treated
as a part of the cost of the operation of the project.

166E.

The Board of Trustees of the State Colleges is hereby author-
ized (a) to fix, revise, charge and collect fees, rents and other charges
from any individual or group or association of individuals, authorized
to use the project or any part thereof and to make mandatory the
payments of such fees and charges; (b) to contract with any indi-
vidual or group or association of individuals, authorized and desiring
to use the said project or part thereof, for the use of the same and to
fix the terms, conditions, fees, rents and rates of charges for such use;
(c) to contract for the use of all or any part of such project with any
person, partnership, association, corporation, entity or agency thereof
desiring to use all or any part of such project, and to fix the terms,
conditions, fees, rents and rates of charges for such use. The fees,
rents, charges and revenues from the project in connection with which